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Time of India
25 minutes ago
- Business
- Time of India
Delhi: Oil regulator seeks uniform price for piped cooking gas, cracks down on retailers
Petroleum and Natural Gas Regulatory Board ( PNGRB ), the oil sector regulator, has ordered all of Delhi 's gas retailers to charge a uniform price for natural gas they pipe to household kitchens for cooking purposes, regardless of consumption levels. This has been done to curb the practice of companies to charge a higher rate beyond a usage threshold. The city gas retailers are allocated with natural gas priced at lower than market rates, called APM gas, for sale to households as piped natural gas (PNG). The expectation from the government is that the retailers pass on the benefits to consumers since they get it for a lower price. Explore courses from Top Institutes in Select a Course Category Public Policy Data Science Design Thinking Artificial Intelligence MCA Product Management Digital Marketing Degree Management Cybersecurity PGDM healthcare Data Science MBA Healthcare CXO Others Operations Management Technology Data Analytics Leadership Finance Project Management others Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details However, gas supplied to commercial establishments like hotels are priced at market rate and not lower. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Senior Living Homes in Mirpur May Surprise You Senior Living | Search Ads Undo The PNGRB in a notice said it has come to light that "certain city gas distribution (CGD) entities are implementing a telescopic pricing structure for piped natural gas (PNG) domestic consumers, wherein the per SCM (Standard Cubic Meter) price of natural gas escalates as consumption surpasses a predefined threshold". It termed such a practice as incorrect. Live Events "Such pricing practices may inadvertently facilitate the unauthorised use of subsidised administered price mechanism (APM) gas by commercial consumers, who may be misclassified as domestic consumers," the regulator said. However, companies involved in such practice have not been named. PNGRB said APM gas is being supplied to CGD entities to fulfil the PNG (Domestic) and CNG (Transport) demand. "This allocation is made at a concessional rate compared to market or spot LNG prices, with the objective of promoting the adoption of natural gas across domestic households and the transport sector." Telescopic pricing structure for PNG "may inadvertently facilitate the unauthorised use of subsidised APM gas by commercial consumers who may be misclassified as domestic consumers", it said. "Additionally, genuine domestic consumers with higher consumption levels may be unfairly subjected to elevated charges, despite natural gas being supplied to CGD entities at a uniform APM rate," it added. The regulator said GGD entities should undertake a thorough review of consumption patterns and investigate anomalous cases, where domestic consumers exhibit significantly higher usage relative to the industry average for transparency. "Based on the findings, suitable corrective measures be instituted as per the regulations on the subject. PNG (Domestic kitchen usage) should be supplied at a uniform rate to all domestic household consumers, irrespective of their daily consumption levels," PNGRB added. Just like piped natural gas, differential pricing exists even in LPG prices. Households buy 14.2-kg cylinders at subsidised rates while commercial establishments, like hotels and restaurants, are to use market-priced 19-kg commercial LPG cylinders. But diversion of domestic LPG to commercial establishments has been a rampant practice.
The Print
a day ago
- Business
- The Print
Rs 1,950 crore city gas distribution project in Bankura, Purulia to be completed by FY30
The project will establish 29 Compressed Natural Gas (CNG) stations for vehicular fuel across the two districts in line with authorisation from the Petroleum and Natural Gas Regulatory Board (PNGRB), a statement said. Prime Minister Narendra Modi on Friday laid the foundation stone for the project that aims to provide Piped Natural Gas (PNG) to both retail households and industrial projects in the two districts of West Bengal. Kolkata, Jul 18 (PTI) The Rs 1,950 crore City Gas Distribution (CGD) project in West Bengal's Bankura and Purulia districts aims to provide Piped Natural Gas (PNG) connections to 5.55 lakh households, over 250 commercial units, and more than 35 industrial consumers, officials said. The project is scheduled for completion by March 15, 2030. Once operational, it is expected to serve a population of over 65 lakh with cleaner, reliable, and cost-effective fuel solutions, Bharat Petroleum said. According to BPCL Director (Refineries) and acting Chairman & Managing Director, Sanjay Khanna, the initiative marks a significant step towards expanding access to clean and affordable energy in India. The project is also expected to create over 15 lakh man-days of direct and indirect employment, supporting local economies in Bankura and Purulia. The CGD network will contribute to India's net-zero ambitions by promoting natural gas as a cleaner alternative to traditional fuels. It is projected to cut greenhouse gas emissions by 27 per cent, or 191,000 metric tonnes over 25 years — equivalent to planting nearly 3.46 lakh trees annually. PTI BSM RG This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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Business Standard
2 days ago
- Business
- Business Standard
₹1,950 crore CGD project in Bankura, Purulia to be completed by FY30
The Rs 1,950 crore City Gas Distribution (CGD) project in West Bengal's Bankura and Purulia districts aims to provide Piped Natural Gas (PNG) connections to 555,000 households, over 250 commercial units, and more than 35 industrial consumers, officials said. Prime Minister Narendra Modi on Friday laid the foundation stone for the project that aims to provide Piped Natural Gas (PNG) to both retail households and industrial projects in the two districts of West Bengal. The project will establish 29 Compressed Natural Gas (CNG) stations for vehicular fuel across the two districts in line with authorisation from the Petroleum and Natural Gas Regulatory Board (PNGRB), a statement said. The project is scheduled for completion by March 15, 2030. Once operational, it is expected to serve a population of over 65 lakh with cleaner, reliable, and cost-effective fuel solutions, Bharat Petroleum said. According to BPCL Director (Refineries) and acting Chairman & Managing Director, Sanjay Khanna, the initiative marks a significant step towards expanding access to clean and affordable energy in India. The project is also expected to create over 15 lakh man-days of direct and indirect employment, supporting local economies in Bankura and Purulia. The CGD network will contribute to India's net-zero ambitions by promoting natural gas as a cleaner alternative to traditional fuels. It is projected to cut greenhouse gas emissions by 27 per cent, or 191,000 metric tonnes over 25 years equivalent to planting nearly 3.46 lakh trees annually. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Mint
2 days ago
- Business
- Mint
PM Modi unveils ₹5,400 crore development projects in Bengal
Prime Minister Narendra Modi on Friday launched a slew of development projects worth ₹ 5,400 crore in West Bengal, unveiling major initiatives across the oil and gas, power, rail and road sectors aimed at boosting infrastructure, connectivity and clean energy in the region. Addressing a programme in the industrial town of Durgapur, Modi said the world today is discussing India's resolve to become a developed nation, and the ongoing transformation of the country's infrastructure is a key pillar of that vision. "Today, the entire world is discussing the resolve for a developed India. Behind this, there are changes visible in India, on which the edifice of a developed India is being built. A major aspect of these changes is India's infrastructure," the prime minister said. Reiterating his government's vision of 'One Nation, One Gas Grid', Modi said the Pradhan Mantri Urja Ganga project was conceptualised to ensure equitable energy access and spur industrial growth across eastern India. As part of the day's events, the PM laid the foundation stone for Bharat Petroleum Corporation Limited's (BPCL) ₹ 1,950-crore City Gas Distribution project in Bankura and Purulia districts. The project aims to supply piped natural gas (PNG) to households and industries, compressed natural gas (CNG) at retail outlets, and generate employment in the region. He also dedicated to the nation the ₹ 1,190-crore Durgapur–Kolkata section (132 km) of the Durgapur–Haldia Natural Gas Pipeline, laid under the Pradhan Mantri Urja Ganga (PMUG) initiative. Passing through Purba Bardhaman, Hooghly and Nadia districts, the pipeline is expected to benefit lakhs of people with a steady and clean supply of natural gas. Continuing the Centre's thrust on clean energy, Modi dedicated Flue Gas Desulphurisation (FGD) systems retrofitted at the Durgapur Steel and Raghunathpur Thermal Power Stations of Damodar Valley Corporation (DVC). Built at a combined cost of over ₹ 1,457 crore, the systems aim to curb industrial emissions and improve air quality in the region.
Time of India
2 days ago
- Business
- Time of India
PM Modi launches ₹5,400 crore development projects in West Bengal
Prime Minister (PM) Narendra Modi on Friday inaugurated and laid the foundation stone for several development projects worth ₹5,400 crore in Durgapur, West Bengal. These projects span sectors like oil & gas, power, road, and rail. 'The projects launched today will enhance connectivity in the region and boost gas-based transport and the gas-based economy and reinforce Durgapur's identity as a Steel City," he said, according to a press statement. Among the key projects, the PM laid the foundation stone for Bharat Petroleum Corp. Ltd (BPCL)'s City Gas Distribution (CGD) project in the Bankura and Purulia districts, valued at approximately ₹1,950 crore. This project aims to provide Piped Natural Gas (PNG) connections to households, commercial establishments, and industrial customers, while also establishing Compressed Natural Gas (CNG) retail outlets, thereby generating employment in the region. Further bolstering energy infrastructure, PM Modi launched the Durgapur to Kolkata section of the Durgapur-Haldia Natural Gas Pipeline, an integral part of the flagship Pradhan Mantri Urja Ganga (PMUG) Project. This crucial 132-kilometer pipeline, worth over ₹1,190 crore, traverses through Purba Bardhman, Hooghly, and Nadia districts. The Prime Minister said, 'the pipeline provided significant direct and indirect employment during its construction phase and will now facilitate the supply of natural gas to lakhs of households across the region.' All-round development In a push for cleaner energy production, PM Modi inaugurated Pollution Control Systems, specifically flue gas desulphurisation (FGD) units, at both the Durgapur Steel Thermal Power Station and Raghunathpur Thermal Power Station of Damodar Valley Corporation. These systems, developed at a cost of over ₹1,457 crore, are expected to drastically reduce emissions, supporting cleaner energy generation and creating employment opportunities within the region. For rail infrastructure, PM Modi announced the doubling of the 36-kilometer Purulia – Kotshila Rail Line in Purulia, an investment exceeding ₹390 crore. This project is vital for improving rail connectivity, linking industrial hubs like Jamshedpur, Bokaro, and Dhanbad with Ranchi and Kolkata. It is expected to facilitate more efficient movement of goods trains, reduce travel time, and significantly improve logistics for industries and businesses in the area. Additionally, he inaugurated two new Road Over Bridges (ROBs) constructed under the Setu Bharatam Programme , totaling over ₹380 crore. Located at Topsi and Pandabeshwar in Paschim Bardhaman, these ROBs are designed to enhance connectivity and prevent accidents at railway level crossings.
